WHITEWATER . . . GOING UPSTREAM

Zeroing in on yet another Clinton associate, special Whitewater prosecutor Kenneth Starr has informed James McDougal -- who owned the collapsed Savings and Loan at the center of the investigation -- that he's likely to be indicted. The possibility of an indictment against McDougal surfaces the same week that former Associate Attorney General Webster Hubbell pleaded guilty to a pair of felonies in connection with Arkansas real-estate deal gone bad. McDougal has been down this road before: He was indicted four years back -- and later acquitted -- in the $65 million failure of Madison Guaranty Savings and Loan. The Clintons and the McDougals were owners of Whitewater Development Corp., a real estate venture in the Ozarks that had its checking account at Madison Guaranty.Post your opinion on theWashingtonbulletin board.